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28/10/15
10:46
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Originally posted by wsDK_II
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Good evening all, so with todays price movements we may have conclude the latest phase of the cycle, meaning a return to 33.5c - 34.5c by close on Friday.
Would expect this stock to be nudging 36c 6th November if the cycle has finished.
With no word from AVQ or the Court so far, we have two possible occurrences in my mind:
1) look to see this stock hit about 38c-39c over the next 10 trading days or so. From there if there is genuinely no news, we should come right back down to about 29-31c over a 15-20 trading day period.
2) look to see this stock hit about 35c-36c over the next 10 trading days or so. From there the pessimistic attitude / insider knowledge (if it exists) will see us hit about 27c-29c.
Look for the higher highs of the cycle, or the lower lows of the cycle. They are your friend.
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I think we might see .27-.29 today itself and continuing downward trend until there is any news on CoA. Just my view based on the trend from last couple of weeks.. GLTA.